Southwest Airlines Co. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,791	3,231	7,509	9,288	9,492	12,480
Short-Term Investments	-	-	1,216	2,186	2,800	3,024
Cash & Short-Term Investments	3,791	3,231	8,725	11,474	12,292	15,504
Cash Growth	-1.25%	-62.97%	-23.96%	-6.65%	-20.72%	16.27%
Accounts Receivable	286	250	190	304	202	141
Other Receivables	932	899	919	838	804	1,208
Receivables	1,218	1,149	1,109	1,142	1,006	1,349
Inventory	917	775	800	807	790	537
Prepaid Expenses	556	490	621	449	440	309
Other Current Assets	-	-	19	83	280	337
Total Current Assets	6,482	5,645	11,274	13,955	14,808	18,036
Property, Plant & Equipment	20,979	20,933	20,012	20,362	18,360	16,432
Long-Term Investments	393	457	367	280	249	-
Goodwill	970	970	970	970	970	970
Other Intangible Assets	296	296	300	296	296	296
Other Long-Term Assets	1,002	760	827	624	686	586
Total Assets	30,122	29,061	33,750	36,487	35,369	36,320
Accounts Payable	2,072	1,991	1,818	1,862	2,004	1,282
Accrued Expenses	1,965	2,008	1,888	3,606	2,043	1,544
Current Portion of Long-Term Debt	2,156	299	1,608	-	-	371
Current Portion of Leases	283	337	350	237	267	321
Current Unearned Revenue	6,510	5,945	6,294	6,551	6,064	5,566
Other Current Liabilities	282	341	318	-	-	80
Total Current Liabilities	13,268	10,921	12,276	12,256	10,378	9,164
Long-Term Debt	3,790	4,524	5,000	7,903	7,899	9,901
Long-Term Leases	660	821	1,100	1,060	1,265	1,692
Long-Term Unearned Revenue	1,674	1,219	1,948	1,728	2,186	2,159
Pension & Post-Retirement Benefits	321	321	256	269	241	330
Long-Term Deferred Tax Liabilities	2,421	2,289	2,167	2,044	1,985	1,770
Other Long-Term Liabilities	906	985	653	712	728	890
Total Liabilities	23,040	21,080	23,400	25,972	24,682	25,906
Common Stock	888	888	888	888	888	888
Additional Paid-In Capital	4,294	4,322	4,199	4,153	4,037	4,224
Retained Earnings	16,672	16,388	16,332	16,297	16,261	15,774
Treasury Stock	-14,794	-13,593	-11,044	-10,823	-10,843	-10,860
Comprehensive Income & Other	22	-24	-25	-	344	388
Shareholders' Equity	7,082	7,981	10,350	10,515	10,687	10,414
Total Liabilities & Equity	30,122	29,061	33,750	36,487	35,369	36,320
Total Debt	6,889	5,981	8,058	9,200	9,431	12,285
Net Cash (Debt)	-3,098	-2,750	667	2,274	2,861	3,219
Net Cash Growth	-	-	-70.67%	-20.52%	-11.12%	185.12%
Net Cash Per Share	-5.90	-4.93	1.04	3.55	4.46	5.29
Filing Date Shares Outstanding	489.21	491.32	592.66	596.66	594.29	592.34
Total Common Shares Outstanding	489.21	515.58	593.31	596.51	594	592.12
Working Capital	-6,786	-5,276	-1,002	1,699	4,430	8,872
Book Value Per Share	14.48	15.48	17.44	17.63	17.99	17.59
Tangible Book Value	5,816	6,715	9,080	9,249	9,421	9,148
Tangible Book Value Per Share	11.89	13.02	15.30	15.51	15.86	15.45
Machinery	26,198	25,771	24,648	25,458	22,794	19,991

SEC Filings: 10-K · 10-Q